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Lumpkin County Bank

Dahlonega, GA · Cert 24160

FDIC

Q2 2004

$68.9MAssets
$51.2MLoans
$61.0MDeposits
$4.0MEquity
Loan mix
81%RE $19.5M19%C&I $4.5M1%Consumer $0.2MQ2 2003Q2 2004
Deposit mix
91%Interest-bearing $55.6M9%Noninterest $5.5MQ2 2003Q2 2004

NIM

7.01%Q2 ’026.21%Q2 ’035.63%Q2 ’04+8%+1%

Non-interest income vs. expense

3.16%Q2 ’023.30%Q2 ’033.96%Q2 ’04+0%+36%

Executive Summary

  • Earnings: ROA of -0.64%, down 109 bps year over year; NIM at 3.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.30%.
  • Funding: loans stand at 83.91% of deposits as of Q2 2004.

Financial Results

Return on Assets (quarter, annualized)

-0.64%-109 bps YoY

Net Interest Margin (quarter, annualized)

3.83%+5 bps YoY

Efficiency Ratio (quarter, annualized)

93.86%+1,984 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets0.46%-9.09%-1.14%0.59%-0.64%-109 bps
Return on Equity5.52%-129.82%-19.40%9.90%-10.65%-1,617 bps
Net Interest Margin3.78%3.71%3.79%3.68%3.83%+5 bps
Efficiency Ratio74.02%1766%134.92%79.00%93.86%+1,984 bps
Non-Interest Burden2.62%6.50%4.67%2.76%3.57%+95 bps
Growth
Asset Growth (YoY)8.34%4.58%-1.02%-2.21%-8.50%-1,684 bps
Loan Growth (YoY)6.81%-1.24%-6.28%-9.47%-13.61%-2,042 bps
Deposit Growth (YoY)4.93%8.38%1.95%0.21%-6.53%-1,146 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.28%0.25%4.84%6.25%0.30%+2 bps
Allowance / Loans1.15%3.50%2.62%1.27%1.57%+42 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital11.42%8.86%8.90%9.19%9.64%-178 bps
Equity / Assets8.12%5.86%5.89%6.11%5.85%-226 bps
Liquidity & Funding
Loans / Deposits90.78%91.07%89.63%87.62%83.91%-687 bps
Liquid Assets / Assets0.04%0.01%0.12%0.05%0.02%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a